Alleghany's Underwriters Re Assigned Best Rating

NU Online News Service, July 3, 3:50 p.m. EDT?Insurance rater A.M. Best has assigned an "A" (Excellent) financialstrength rating to Underwriters Reinsurance Company, a businessthat was recently acquired by Alleghany Corporation to help supportfuture businesses of Alleghany's newly purchased Royal SpecialtyUnderwriting Inc.

Alleghany's previously announced $115 million deal to purchaseRoyal Specialty Underwriting--along with a managing underwritingagency, renewal rights to the ongoing business underwritten byRoyal Specialty Underwriting, and the related unearned premiumreserve portfolio--was completed this week.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.